Hi Everybody,
As I said a few days ago, after a very good week last week, where we had some huge profits, this week we have move into the harder part of the cycle. This is all the natural way markets unfold. I call it the “Cyclical Nature of Trading”, where the good times are followed by quieter times, where some small losses unfold, before the good (profitable) times come round again.
Well yesterday was a hard day on the 3min ES with three -1R losses. Yes this can and does happen sometimes when trading. Most vendors never tell you about losses because they are not real traders. But we believe in telling you how the markets unfold in the “real world” and yes there will be hard days like this. But, as I have said, this is OK as the losses are kept small, small in comparison to the big profits last week.
As we are in the hard part of the cycle now, it will not be long before the good (and profitable) part of the cycle come round again. But understanding how the markets unfold in the “real world” is vital if you are to become a professional trader, and learning to accept the harder times is just part of that.
As I said a few days ago, after a very good week last week, where we had some huge profits, this week we have move into the harder part of the cycle. This is all the natural way markets unfold. I call it the “Cyclical Nature of Trading”, where the good times are followed by quieter times, where some small losses unfold, before the good (profitable) times come round again.
Well yesterday was a hard day on the 3min ES with three -1R losses. Yes this can and does happen sometimes when trading. Most vendors never tell you about losses because they are not real traders. But we believe in telling you how the markets unfold in the “real world” and yes there will be hard days like this. But, as I have said, this is OK as the losses are kept small, small in comparison to the big profits last week.
As we are in the hard part of the cycle now, it will not be long before the good (and profitable) part of the cycle come round again. But understanding how the markets unfold in the “real world” is vital if you are to become a professional trader, and learning to accept the harder times is just part of that.
But was it all hard work yesterday ? lets look at the Russell Index on the Advanced Blog.
Thanks, Steve
Thanks, Steve
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